Capro NNN I LLC Acquires Retail Property At 5701 North Lydell Avenue For $12.3M
5701 North Lydell Avenue
$12,300,000
$95/SF
Building Size
128,512 SF
Asset Type
Retail
Closing
Dec 20, 2024
About this deal
AI
The retail asset, located at 5701 North Lydell Avenue in Glendale, WI, was sold for a transaction amount of $12,300,000. The property spans 128,512 square feet, equating to a price per square foot of $96.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12,300,000
- Sale Date: 12/20/2024
- Buyer: Capro NNN I LLC
- Seller: Bayshore Shopping Center Property Owner LLC
- Address: 5701 North Lydell Avenue
- Market: Glendale, WI
Capro NNN I LLC acquired the property from Bayshore Shopping Center Property Owner LLC, who subsequently removed two other retail properties from the market as a response to rising interest rates.
On the Map
$12,300,000
$95/SF
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.29%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93